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bmgforex

NZDUSD

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
bmgforex Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Support and Resistance Trend Lines nzdusdshort kiwidollarshort
5
0
supportandresistance trendline nzdusdshort kiwidollarshort
A high probability of success for this SHORT setup in NZDUSD pair. The 61.8% retrace and the bearish engulfing on H4 time frame suggest another move down for this pair.
Trade closed: target reached
Comment:
Long term trend line broken, wait for a consolidation,re-test of the trend line or a bearish flag and at a break of that formation enter short.
snapshot
Trade active:
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